Press release
Lawsuit filed for Investors in shares of Intrusion Inc. (NASDAQ: INTZ)

A lawsuit was filed on behalf of investors in Intrusion Inc. (NASDAQ: INTZ) shares over alleged securities laws violations.
Investors who purchased shares of Intrusion Inc. (NASDAQ: INTZ) have certain options and for certain investors are short and strict deadlines running. Deadline: June 15, 2021. NASDAQ: INTZ investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
Plano, TX based Intrusion Inc. develops, markets, and supports entity identification, data mining, cybercrime, and advanced persistent threat detection products in the United States. On April 14, 2021, a report was published alleging, among other things, that Intrusion’s product, Shield, “has no patents, certifications, or insurance, which are all essential for selling cybersecurity products” and that “Shield is based on open-source data already available to the public.” Thus, the report stated that “Shield is a repackaging of pre-existing technology rather than an innovative offering.” Moreover, the report alleged that the claims that Shield “stopp[ed] a total of 77,539,801 cyberthreats from 805,110 uniquely malicious entities . . . in the 90-day beta program” were “outlandish,” leading White Diamond to question “[h]ow have these companies been able to function so far, as they’ve been attacked many times per minute by ransomware, malware, data theft, phishing and DDoS attacks?”
Shares of Intrusion Inc. (NASDAQ: INTZ) declined from $28.77 per share on April 13, 2021, to as low as $14.16 per share on April 20, 2021.
The plaintiff claims that between January 13, 2021 and April 13, 2021, the Defendants failed to disclose to investors that Intrusion’s Shield product was merely a repackaging of existing technology in the Company’s portfolio, that Shield lacked the patents, certifications, and insurance critical to the sale of cybersecurity products, that the Company had overstated the efficacy of Shield’s purported ability to protect against cyberattacks, that, as a result of the foregoing, Intrusion’s Shield was reasonably unlikely to generate significant revenue, and that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Those who purchased shares of Intrusion Inc. (NASDAQ: INTZ) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Lawsuit filed for Investors in shares of Intrusion Inc. (NASDAQ: INTZ) here
News-ID: 2273552 • Views: …
More Releases from Shareholders Foundation

ALERT: Lawsuit filed for Investors who SOLD shares of Sina Corporation (formerly …
An investor, who sold shares of Sina Corporation (formerly NASDAQ: SINA) in the merger between Seina Corporation and TuSimple Holdings, Inc, filed a lawsuit over alleged violations of Federal Securities Laws by Sina Corporation (formerly NASDAQ: SINA in connection with certain allegedly false and misleading statements made.
If you sold a significant amount of shares of Sina Corporation (formerly NASDAQ: SINA) between October 13, 2020 and March 22, 2021, you have…

Lawsuit Alert: Investors who lost money with shares of Fluor Corporation (NYSE: …
An investor, who purchased shares of Fluor Corporation (NYSE: FLR), filed a lawsuit alleged violations of Federal Securities Laws by Fluor Corporation in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Fluor Corporation (NYSE: FLR) have certain options and for certain investors are short and strict deadlines running. Deadline: November 14, 2025. NYSE: FLR investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779…

Investigation announced for Long-Term Investors in shares of Sable Offshore Corp …
An investigation was announced for long-term investors in shares of Sable Offshore Corp. (NYSE: SOC) concerning potential breaches of fiduciary duties by certain directors of Sable Offshore Corp.
Investors who are current long term investors in Sable Offshore Corp. (NYSE: SOC) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm for current long term investors in…

Lawsuit filed for Investors who lost money with shares of Lantheus Holdings, Inc …
An investor, who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH), filed a lawsuit over alleged violations of Federal Securities Laws by Lantheus Holdings, Inc. in connection with certain allegedly false and misleading statements.
Investors who purchased shares of Lantheus Holdings, Inc. (NASDAQ: LNTH) have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2025. NASDAQ: LNTH investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com…
More Releases for Intrusion
What's the difference between Intrusion Detection System (IDS) and Intrusion Pre …
In the field of network security, intrusion detection system (IDS) and intrusion prevention system (IPS) play a key role. This article will deeply explore their definitions, roles, differences, and application scenarios.
What is IDS (Intrusion Detection System)?
Definition of IDSIntrusion detection system is a security tool that monitors and analyzes network traffic to identify possible malicious activities or attacks. It searches for signatures that match known attack patterns by examining network…
Intrusion Detection Systems / Intrusion Prevention Systems (IDS/IPS) Market Econ …
Intrusion Detection Systems / Intrusion Prevention Systems (IDS/IPS) Market
DataIntelo, 16032020: The research report on the Intrusion Detection Systems / Intrusion Prevention Systems (IDS/IPS) Market is a deep analysis of the market. Experts have studied the historical data and compared it with the changing market situations. The report covers all the necessary information required by new entrants as well as the existing players to gain deeper insight.
Furthermore, the statistical survey in…
Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Is Thriv …
A New Research on the Global Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market was conducted across a variety of industries in various regions to produce more than 150 page reports. This study is a perfect blend of qualitative and quantifiable information highlighting key market developments, industry and competitors' challenges in gap analysis and new opportunities and may be trending in the Intrusion Detection System/Intrusion Prevention System (IDS/IPS) market. Some are…
Intrusion Detection Systems / Intrusion Prevention Systems (IDS/IPS) Market Dema …
Global Intrusion Detection Systems / Intrusion Prevention Systems (IDS/IPS) Market Overview:
The latest report on the Global Intrusion Detection Systems / Intrusion Prevention Systems (IDS/IPS) Market suggests a positive growth rate in the coming years. Analysts have studied the historical data and compared it with the current market scenario to determine the trajectory this market will take in the coming years. The investigative approach taken to understand the various aspects of…
Wireless Intrusion Detection and Prevention Systems (WIPDS) Market Study 2015-20 …
Wireless intrusion detection systems (WIDS) and wireless intrusion protection systems (WIPS) are used to continuously protect a wireless network and in some cases, a wired network, from unauthorized users. There are some basic differences between the two systems. In a WIDS, a system of sensors is used to monitor the network for the intrusion of unauthorized devices, such as rogue access points. In a WIPS, the system not only detects…
Global Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market S …
This report studies the global Intrusion Detection System/Intrusion Prevention System (IDS/IPS) market, analyzes and researches the Intrusion Detection System/Intrusion Prevention System (IDS/IPS) development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like
Corero (Massachusetts)
Dell (Texas)
Extreme Networks (California)
IBM (New York)
Check point (Israel)
HP Tipping Point (California)
CISCO-Sourcefire (California)
McAfee (California)
Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by…